Friday, January 28, 2011

US GDP Growth

Everyone is reporting, but I'll link to the NPR story the latest GDP figures because a student pointed me there and there is a nice graph I can steal.

First off growth is a good thing and it is nice to see. But I am not very optimistic that it means much right now as stimulus dollars are running out and soon states across the nation will have to dramatically slash spending. This is going to put a big brake on economic growth that I don't think increases in consumer spending will fully counteract.

Still, six straight quarters of positive growth is pretty good evidence that the worst is over.

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